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I Bid 148,000 phaver points in the week 2 Phaver-Up Auction
Bitcoin experienced a significant drop in price due to the escalating tensions between Iran and Israel. The price tested a critical support level but managed to rebound from there. To preserve its bullish structure, BTC must hold this support level. A break beneath it could result in more market panic. It is recommended to set tight stop-losses on all open positions. Support Area: $ 59,000-$ 60,000
I Bid 146,000 phaver points in the week 1 Phaver-Up Auction
Bitcoin is currently testing its support level, and some market volatility can be expected today. In all open positions, use tight stop loss. If the market breaks below the $ 69,000 level, it will be bearish and lead to further selling.
Bitcoin has successfully surpassed the $ 65,000 level and is now moving upwards. We may likely observe a push towards the $ 70,000 level soon. The overall market sentiment is optimistic, and we can expect to see a continuation of the upward trend when the US market opens today. If Bitcoin manages to break above the $ 70,000 level, we can expect to see the price reach new all-time highs.
The marketcap of altcoins (TOTAL2) is approaching a significant resistance area. It remains to be seen how the price will respond to this area. If TOTAL2 breaks above the resistance, we can expect a positive upward trend in altcoins. For those who are holding altcoin positions, it is important to use proper risk management and set up a stop loss.
Bitcoin has retested the trendline and bounced from there. We may see a move towards the resistance area again. Overall market sentiments are bullish and we may see a continuation of the upward movement.
Since the Merge, I’ve noticed a fascinating trend: a potential decrease in Ethereum issuance. This reduction could result in a net decrease in the Ethereum supply, primarily driven by the burning of more ETH through transaction fees than the issuance of new ETH. Remarkably, our observations reveal a net reduction of -410k ETH in the total circulating supply since the Merge.
Someone made 18,986 SOL in just 15 minutes 🤯 😲 A trader spent 18,460 SOL to buy 22.21B $SMOLE just 1 second after it started trading He then sold it for 37,446 SOL after 15 minutes, making a profit of 18,986 SOL -copied
What is SPL? SPL stands for Solana Program Library (SPL). It is a set of rules and protocols governing how tokens behave and interact on the Solana network. In other words, it is a collection of predefined protocols and specifications that dictate how tokens function within the Solana blockchain. This standardization ensures consistency, interoperability, and ease of integration across various applications and platforms within the Solana ecosystem. Similar to ERC-20, BEP-20, and other token standards, the SPL token standard serves as a blueprint for developers looking to create, manage, and deploy tokens on Solana, providing a cohesive framework for the Solana blockchain's evolving token ecosystem. Key Features of SPL 1. Interoperability: SPL promotes interoperability by defining a common set of rules for tokens. This ensures that tokens adhering to the SPL standard can seamlessly interact with Solana wallets, decentralized applications (DApps), and other smart contracts on the network. 2. Composability: Composability is a crucial aspect of SPL, allowing developers to create innovative and complex applications by reusing existing SPL-compliant components. This accelerates the development process and encourages the exploration of new use cases within the Solana ecosystem. 3. Efficiency: SPL enhances the efficiency of token-related operations on the Solana blockchain. Smart contracts and decentralized applications can interact with SPL-compliant tokens more effectively, thanks to the standardized features and functions provided by the SPL token standard. 4. Native Token (SOL): The native token of the Solana blockchain, SOL, adheres to the SPL standard. This means that SOL tokens exhibit interoperability with Solana wallets, DApps, and other components of the Solana ecosystem, contributing to a seamless user experience. Implementation of SPL Developers on Solana can leverage the SPL token standard to create a wide range of tokens, each tailored to specific use cases. These tokens can represent anything from fungible assets like stablecoins to unique non-fungible tokens (NFTs) such as digital collectibles. The adherence to SPL ensures that these tokens share a common language, allowing for smooth integration and interaction within the Solana blockchain network.
Bitcoin tested the support area and grabbed liquidity from there. The price pumped hard due to the FOMC meeting, and interest rates remain unchanged. The resistance area is $ 69,000-$ 70,000, and the support area is $ 64,000-$ 65,000
Bitcoin has recently rebounded from the support level between $ 64,000-$ 65,000 and is currently range trading between support and resistance. It remains to be seen whether BTC will be able to break above the $ 70,000 resistance area or not. We anticipate more sideways movement for the next 2-3 days.
As Bitcoin ventures into new territory, it also enters what some call the "euphoria zone," marked by shifts in mood and behavior. According to Glassnode's on-chain data, Bitcoin's Realized Cap, which measures the total wealth stored in the network, has surged to $ 504 billion, with a $ 40 billion increase in March alone.
Bitcoin briefly reached the $ 69,000 milestone before a significant pullback ensued, dropping to the $ 59,000 support area. However, it quickly bounced back from there. Currently, BTC is making efforts to reclaim the $ 65,000 level. We anticipate sideways movement between $ 60,000 and $ 65,000 throughout this week, with potential for more action next week.
In February, BTC outflows from centralized exchanges surged, indicating a growing demand for Bitcoin. Additionally, with the upcoming halving reducing new supply, we could be on the brink of witnessing the most significant bull run yet.
The market started moving as expected on Monday, with Bitcoin experiencing another surge and reaching the resistance area. However, the price is facing heavy selling at this level and is struggling to break through. It remains to be seen how BTC will react to this resistance. If it manages to break above $ 65,000, it will likely head towards the all-time high resistance of $ 69,000-$ 70,000. The support level remains unchanged.
Resistance consists of a level in which the price of an asset fails to break through due to strong selling pressure. In some cases, the occurrence of resistance levels may also be related to big sell walls, that prevent the price from rising further. So a resistance level is expected to act as a “ceiling,” caused by a large supply of sellers in that price area. As such, traders can interpret resistance as a level that can only be surpassed with significant buying pressure. Typically, technical analysists draw resistance lines based on previous highs. Such a technique may be useful when trying to predict potential points of price reversal. In general, resistance levels are depicted as straight horizontal lines, but they may also be drawn as diagonals.
#BTC at $ 60,000 Bitcoin Dominance has experienced a significant increase due to a sudden surge in the price of BTC. However, Some altcoins are displaying a promising upward trend, and we may enter an altseason shortly. It's always wise to be well-prepared and utilize proper risk management techniques.
What is a WhitePaper? A whitepaper is typically a detailed document aimed at informing readers about a specific topic or project. In the blockchain realm, it serves as a guide outlining the key features and technical aspects of a particular cryptocurrency or blockchain venture. While many whitepapers focus on coins or tokens, they can also cover various projects like decentralized finance (DeFi) platforms or play-to-earn games. These documents often include statistics, diagrams, and explanations of the project's governance structure, team composition, and development roadmap. However, there's no one-size-fits-all approach to creating a whitepaper, as each project tailors it to suit its unique needs. Ideally, whitepapers should be unbiased and informative, providing clear insights into the project's objectives and functionality. Investors should approach whitepapers with caution, scrutinizing them for persuasive language and ensuring they offer sufficient information without making unrealistic promises. While cryptocurrency whitepapers are akin to business plans, they're typically released before the project's launch, serving as a foundational document outlining the project's vision and goals.
Bitcoin is unable to break the small downtrend resistance line. The price may test the local support area of $ 50,500. However, as long as Bitcoin maintains a level above $ 50,000, the overall trend is bullish. It is important to note that if the price falls below $ 50,000, it might trigger a series of stop-losses, further dropping its price. Therefore, keeping tight stop-losses in all open positions and consistently booking profits is recommended.
Bitcoin is currently testing the resistance area formed by a small downtrend line. The significant resistance level remains unchanged at $ 52,000-$ 52,500. Market movement is anticipated on Monday with the opening of global markets. Tight stop loss is recommended in all open positions.
An overwhelming majority of coins (87%) were acquired below the $ 48k mark, with a notable concentration of Short-Term Holder supply clustered between $ 40k and $ 45k. Interestingly, Long-Term Holders control the remaining 13% of the supply held in a loss, indicative of those who purchased at the peak of the 2021 bull market and all-time high prices.
BTC reserves on centralized exchanges have reached a six-year low. The data suggests that investors are moving their BTC from exchanges to their personal wallets.
Bitcoin is experiencing a strong surge and has reached the $ 52,000 level. With significant FOMO (Fear Of Missing Out) building up and the market hyped, caution is advised. A market correction could occur at any time, so it's prudent to employ tight stop-loss strategies for all open trades.
What is return on investment (ROI)? Return on investment (ROI) is a way to measure an investment's performance. It also can be used to compare different investments. There are multiple ways to calculate returns, and we'll cover some of them in the next chapter. For now, though, it's enough to understand that ROI measures the gains or losses compared to the initial investment. In other words, it's an approximation of an investment's profitability. Compared to the original investment, a positive ROI means profits, and a negative ROI means losses. ROI calculation applies to not just trading or investment, but any kind of business or purchase. If you plan to open or buy a restaurant, you should do some number crunching first. Would opening it make sense from a financial perspective? Calculating an estimated ROI based on all your projected expenses and returns may help you make a better business decision. If it seems like the business would turn a profit in the end (i.e., have a positive ROI), it may be worth getting it started. Also, ROI can help evaluate the results of transactions that already happened.
Bitcoin is currently trading at a resistance area. On lower time frames, there is a small symmetric triangle that needs to be watched closely to see which side it breaks. The price needs to maintain its local support, otherwise, there may be a test of the $ 45,000 area. Local Support Area: $ 46,700-$ 47,200
What is Confirmation Time in Blockchain? Confirmation time is the period between when you send a transaction on a blockchain network and when it's recorded and confirmed in a block. It's like waiting in line: the longer the line, the longer you wait. To speed up confirmation, you can offer a higher transaction fee to miners, giving them an incentive to process your transaction faster. Confirmation time helps measure a blockchain's speed, but it can vary due to factors like network congestion and transaction fees. It's best to calculate an average confirmation time based on recent blocks. Once your transaction is in a block, it needs to be validated by other nodes. Each new block on top of it adds another confirmation. For security, it's recommended to wait for multiple confirmations before considering a transaction final. Bitcoin users typically wait for at least 6 confirmations, but other chains may require more.
Bitcoin has climbed above the $ 48,000 mark, marking a positive development. However, it's crucial to note that this level serves as a significant resistance zone, extending up to $ 50,000. Additionally, $ 50,000 is a psychological barrier for traders. It remains to be seen how the price will respond as it approaches this resistance area.
Bitcoin transfer volumes are still strong, processing about $ 7.7 billion per day. Large entities are more active, with the average volume per entity hitting $ 25.8k per transaction. The peak volume per entity is $ 38k
It has been reported that 9 Bitcoin ETFs have collectively acquired 177,949 Bitcoin. Notably, BlackRock and Fidelity are the major holders, accounting for nearly 75% of the total. - BlackRock's Inverse Bitcoin Trust (IBIT) currently holds 72,466.64 BTC, valued at approximately $ 3.12 billion. - Fidelity's Fidelity Bitcoin Trust (FBTC) owns 60,054.87 BTC, estimated to be worth around $ 2.58 billion.
Bitcoin has continued its upward movement and the price has been able to break above the $ 45,000 level. In the coming days, we may see a test of the major resistance zone at $ 48,000. The $ 45,000 level will now function as a support and a test of this zone is possible.
Bitcoin is currently testing the daily resistance area and signaling a potential breakout. A bullish candle close above this level may propel the price towards the $ 45,000 level. Conversely, a rejection from this point could lead to a move towards the local support area.
Bitcoin is currently testing the daily resistance area and signaling a potential breakout. A bullish candle close above this level may propel the price towards the $ 45,000 level. Conversely, a rejection from this point could lead to a move towards the local support area.
After the approval of BTC spot ETF approval, ETH and altcoins surged, with ETH outperforming BTC for the first time since October 2022.
Bitcoin broke the minor structure and nearly testing the trendline as resistance. Weekend is in, and there're bunch of resistance up there at $ 42,000 - $ 43,000 mark. Alternatively, a tiny bit of rejection can occur and sideway is expected. Local Support - $ 41,580 - $ 41,800 Daily Resistance Zone - $ 43,000 - $ 43,500
The number of addresses holding a balance of more than 1,000 BTC is exhibiting a positive uptrend. This suggests the possibility that whales are accumulating near the $ 40,000 level.
According to the latest Glassnode data, the number of addresses holding at least 1,000 BTC surpassed 1,510 on Thursday, January 18. This figure represents the highest level of the statistic in more than 15 months (since August 2022).
Grayscale's BTC spot ETF (GBTC) is consistently selling BTC, unlike the other 8 entities that are actively accumulating BTC. It's worth monitoring how long Grayscale continues to sell and at what price point they decide to start accumulating again. This ongoing trend can provide insights into market dynamics and potential shifts in their strategy.
Bitcoin has broken the downtrend channel and is currently trading below it. If a daily candle closes below this trendline, we will likely see a test of the $ 40,000 level. This is a crucial level to watch, so using tight stop loss in all trades is recommended. Meanwhile Bitcoin Dominance just bounced back from a support area. We might see it test the support zone again, and if it breaks below, it could lead to a strong rally in Altcoins. Keep an eye on this, as it could signal some big changes in the cryptocurrency market. The major support level remains the same.
Since October 2023, the overall supply of stablecoins has been on the rise, witnessing a notable monthly surge of $ 4.17 billion – the most substantial increase since March 2022. This surge brings the Aggregated Stablecoin Market Cap to an impressive $ 128 billion.
Older coins being spent again are causing the biggest profit-taking event since November 2021. On January 4th, the Realized Profit hit a peak, with over $ 1.3 billion in profit every day. This means people are making significant profits as they buy and sell coins at higher prices.
Bitcoin has been consistently getting rejected from the resistance area and the price seems to be unable to maintain its position above this level. At present, BTC is trading sideways and the trading volume is also decreasing. We might witness a breakout from this trading range shortly, either in an upward or downward direction. It is highly recommended to stay prepared for a big move and to set stop loss in all trades.
The prices at which people are actually buying and selling Bitcoin, known as Realized Price and Short-Term Holder Realized Price, are going up. This means more people are willing to pay higher prices for Bitcoin. Here are the current prices: 🟠 Realized Price: $ 22,400 🔴 Short-Term Holder Realized Price: $ 37,500 🔵 Long-Term Holder Realized Price: $ 20,900
The Bitcoin Hash Rate is on an impressive upward trajectory, hitting an all-time high (ATH) of over 600 EH/s. To put this in perspective, it represents a staggering 600 quintillion guesses every second as the network relentlessly works to solve the Block puzzle.
Bitcoin was unable to break through the resistance area and fell back to test the support area. Upon reaching the support area, the price immediately bounced back up. However, the market remains largely unchanged and the price is fluctuating between the support and resistance levels. Bitcoin is currently attempting to break through a resistance area but has been turned away several times. We may see BTC test the $ 40,000-$ 42,000 zone to accumulate before any further moves are made. It is recommended to use tight stop loss in any open positions and keep an eye on the $ 40,000 level.
Bitcoin faced heavy selling near the major resistance area of $ 48,000 and was rejected from there. The price dropped around $ 3,500 in just 15 minutes after a fake tweet from the SEC about the approval of ETF. The good news is that the price is once again trading above the $ 45,000 level. However, if the SEC postpones the BTC ETF, then we may see more selling in the market. It's better to use tight stop-loss in all open positions to minimize losses. Support Area: $ 43,000-$ 44,000 Resistance Area: $ 48,000-$ 49,000
What is a Ponzi scheme? Ponzi schemes are named after Charles Ponzi, an Italian swindler that moved to North America and became famous for his fraudulent money-making system. In the early 1920s, Ponzi managed to defraud hundreds of victims and his scheme ran for over a year. Basically, a Ponzi scheme is a fraudulent investment scam that works by paying off older investors with money collected from new investors. The problem with such a scheme is that investors on the backend will not be paid at all. A Ponzi scheme in operation would look somewhat like this: 1. A promoter of an investment opportunity takes $ 1000 from an investor. He promises to repay the initial value along with a 10% interest at the end of a predefined period (e.g., 90 days). 2. The promoter is able to secure two additional investors before the 90 day period is complete. He will then pay $ 1100 dollar to the first investor from the $ 2000 collected from investors two and three. He will also likely encourage the first investor to reinvest the $ 1000. 3. By taking the money from new investors, the impostor is able to pay the promised returns to the early investors, convincing them to reinvest and to invite more people. 4. As the system grows, the promoter needs to find more new investors to join the scheme. Otherwise, he will not be able to pay the promised returns. 5. Eventually, the scheme gets unsustainable and the promoter either gets caught or disappears with the money he has on hand.
What is Swing trading? Swing trading is a type of longer-term trading strategy that involves holding positions for longer than a day but typically not longer than a few weeks or a month. In some ways, swing trading sits in the middle between day trading and trend trading. Swing traders generally try to take advantage of waves of volatility that take several days or weeks to play out. Swing traders may use a combination of technical and fundamental factors to formulate their trade ideas. Naturally, fundamental changes may take a longer time to play out, and this is where fundamental analysis comes into play. Even so, chart patterns and technical indicators can also play a major part in a swing trading strategy. Swing trading might be the most convenient active trading strategy for beginners. A significant benefit of swing trading over day trading is that swing trades take longer to play out. Still, they’re short enough so that it’s not too hard to keep track of the trade. This allows traders more time to consider their decisions. In most cases, they have enough time to react to how the trade is unfolding. With swing trading, decisions can be made with less haste and more rationality. On the other hand, day trading often demands fast decisions and speedy execution, which isn’t ideal for a beginner.
What is risk management? Risk management entails predicting and identifying financial risks involved with your investments to minimize them. Investors then employ risk management strategies to help them manage their portfolio's risk exposure. A critical first step is assessing your current exposure to risks and then building your strategies and plans around them. Risk management strategies are plans and strategic actions traders and investors implement after identifying investment risks. These strategies reduce risk and can involve a wide range of financial activities, such as taking out loss insurance and diversifying your portfolio across asset classes. Risk Management Strategies 1. The 1% rule is a simple risk management strategy that entails not risking more than 1% of your total capital on an investment or trade. 2. A stop-loss order sets a predetermined price for an asset at which the position will close. The stop price is set below the current price and, when triggered, helps protect against further losses. A take-profit order works the opposite way, setting a price at which you want to close your position and lock in a certain profit. 3. Diversifying your portfolio is one of the most popular and fundamental tools to reduce your overall investment risk. A diversified portfolio won't be too heavily invested in any asset or asset class, minimizing the risk of heavy losses from one particular asset or asset class. For instance, you may hold a variety of different coins and tokens, as well as provide liquidity and loans.
What is crypto lending? Crypto lending works by taking crypto from one user and providing it to another for a fee. The exact method of managing the loan changes from platform to platform. You can find crypto lending services on both centralized and decentralized platforms, but the core principles remain the same. You don't just have to be a borrower, either. You can passively earn an income and gain interest by locking up your crypto in a pool that manages your funds. Depending on the reliability of the smart contract you use, there is usually little risk of losing your funds. This could be because the borrower put up collateral, or a CeFi (centralized finance) platform like Binance manages the loan. How does crypto lending or crypto loan work? Crypto lending typically involves three parties: the lender, the borrower, and a DeFi (Decentralized Finance) platform or crypto exchange. In most cases, the loan taker must put up some collateral before borrowing any crypto. You can also use flash loans without collateral (more on this below). On the other side of the loan, you may have a smart contract that mints stablecoins or a platform lending out funds from another user. Lenders add their crypto to a pool that then manages the whole process and forwards them a cut of the interest.